Frannie Mae Title Seasoning

[Allen Wu]

My loan office just inform me that, Frannie Mae just came out with a new guideline. All B buyers need to hold title for at least 90 days before the C buyer can get a loan, even with conventional.

I spoke to a few lenders (Chase, Icon, Just Mortgage), and they all confirmed that.

Looks like they are tighten the regulation on the title seasoning even with Frannie Mae now.

Any thoughts out there?